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Toronto Industrial Market Report Q2 2021

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research article
By Max Shapinko & Russell Wills

GTA industrial posts record low availability rates, benchmark highs in new supply, absorption, and rental rates in the second quarter of 2021.

  • Availability rates are at their lowest percentage historically, currently standing at 0.97%. The average asking net rent increased by 7.5% quarter-over-quarter currently standing at $11.33.
  • Net absorption of 5.4 million square feet and new supply of 4.9 million square feet this quarter are the largest quarterly totals since Q4 2005.
  • Artis REIT has sold their entire GTA industrial portfolio to Pure Industrial for $750 million. The portfolio includes 28 assets totalling 2.5 million square feet.
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Toronto Industrial Market Report Q2 2021

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For More Information, Please Contact:
Peter Garrigan | Colliers | Toronto West

Peter Garrigan

Senior Managing Director, Industrial | Greater Toronto Area

Toronto West

+1 416 620 2854
+1 416 716 6965
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Peter is committed to accelerating the success of clients by leveraging market knowledge to forge new paths in the industrial Real Estate industry and create connections between landlords and investors and landlords and tenants.  Peter focuses on maximizing value and minimizing risk by developing unique solutions to achieve clients’ real estate goals.

Peter has maximized returns and minimized risk for many large landlords by effectively targeting and securing key tenants.  His strong personable character has enabled him to develop a network of business owners/tenants within the GTA.

Peter’s ability to create relationships with key tenants and landlords has produced many opportunities for his clients.

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